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4.1 Wonder Wholesalers credit terms to Shina Stores are 30 days but Wonder Wholesalers is prepared to allow a 2% discount if Shina Stores pays

4.1 Wonder Wholesalers credit terms to Shina Stores are 30 days but Wonder Wholesalers is prepared to allow a 2% discount if Shina Stores pays the account within 10 days. Required: Calculate the cost (as a percentage) to Shina Stores of forgoing the discount.

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